2024-02-20                     House Journal                      Page 1547
HB 333                                                                                                                        
HOUSE BILL NO. 333 by the House Rules Committee by request of                                                                   
the Governor, entitled:                                                                                                         
                                                                                                                                
    "An Act establishing a corporate income tax credit for certain                                                              
    expenditures on child care services, utility rates, residential                                                             
    housing, and food security and availability; and providing for an                                                           
    effective date."                                                                                                            
                                                                                                                                
was read the first time and referred to the Labor & Commerce and                                                                
Finance Committees.                                                                                                             
                                                                                                                                
The following fiscal note(s) apply:                                                                                             
                                                                                                                                
1. Indeterminate, Dept. of Revenue                                                                                              
                                                                                                                                
The Governor's transmittal letter dated February 15 follows:                                                                    
                                                                                                                                
"Dear Speaker Tilton:                                                                                                           
                                                                                                                                
Under the authority of Article III, Section 18 of the Alaska                                                                    
Constitution, I am transmitting a bill creating a new fifty percent tax                                                         
credit to make childcare, residential energy, housing, and groceries                                                            
more affordable for Alaskans. The high cost of these economic sectors                                                           
hinders growth, entrepreneurism, and hiring in Alaska.                                                                          
                                                                                                                                
Alaska's cost of living is among the highest in the nation. This bill                                                           
incentivizes the private sector to make strategic investments in the                                                            
economic infrastructure necessary to attract a strong workforce,                                                                
encourage entrepreneurism, and build a stronger Alaska.                                                                         
                                                                                                                                
I urge your prompt and favorable consideration of this legislation.                                                             
                                                                                                                                
Sincerely,                                                                                                                      
/s/                                                                                                                             
Mike Dunleavy                                                                                                                   
Governor"